Bitcoin slides to a new low this year at below US$4500

Posted - November 20 201819:08

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Bitcoin slides to a new low this year at below US$4500

Bitcoin tumbled below US$4,225 to a 13-month low, before regaining some ground.

The move marks bitcoin's lowest value since October past year, and is now down more than 70 per cent since the height of the cryptocurrency bubble in December 2017. However, the market's performance on Monday quickly extinguished those hopes, with Bitcoin's total market value dropping 12.6% to $86.67 billion in just a few hours. In last one week, the crypto market has lost almost $60 billion of its valuations with Bitcoin and other altcoins taking a major hit. Only Ripple and EOS provided anything approaching stability as their falls were held in single figures, although Ripple did rally a little to start showing signs of a minor recovery. Moreover, it has also cost Ethereum it's number two status in the markets, as the currency is now ranked third, falling below Ripple, which is now the second largest cryptocurrency in the markets.

In the meantime, EOS is coming for Bitcoin Cash with a $250 million difference in market cap between the two projects at the time of writing.

"The selloff is related to enforcement, which is nearly certainly underway", said Justin Litchfield, chief technology officer at ProChain Capital.

"To fulfill the requirements of "store of value", cryptocurrencies must be much more stable", the KPMG report said.

We followed up with the operators of a number of Australian-based crypto exchanges, to try and get a gauge on what's caused the big drop in price.

"Crypto-specific events have led to greater uncertainty in the crypto market, including the contentious hard fork for Bitcoin Cash", Lee said in the note. Bitcoin hit a low of $ 4,951.47 briefly, bringing its misfortunes to more than 21% within the past seven days and more than 62% this year, according to CoinDesk information.

One of the most unique features from their affair in Italy is the fact that all their gifts would be directed to charity. The lovely couple headed to Italy last week and on November 13, the couple had their mehendi and sangeet ceremony.

He predicted universities will someday study what Mueller and his "gang of Democrat thugs" have done to destroy people. Rumours and reports have swirled of impending indictments and late nights at the special counsel's office.

The statement added that Netanyahu will hold talks with coalition leaders on Sunday and decide where to go from there. The political turbulence comes as Netanyahu faces criminal investigations that have hit him and his inner circle.

He and other Democrats repeatedly said they were sticking with the campaign until all legally cast votes were counted. But campaigns of ideas must give way to governing and bringing people together to secure Florida's future.

The two photographers and the marshal, unfortunately, suffered more serious injuries and are now under observation. Her head was compressed by the impact and that compressed the spine, which is why she had the fractures.

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North Korea is deporting an American who illegally entered the country last month, the isolated state's news agency has reported. The United States, South Korea and others have accused North Korea of using foreign detainees to wrest diplomatic concessions.

Located 135 kilometers north of the South Korean capital of Seoul, it can reach the city in a short period of time , it said. Sigal says it's time to start asking such things of North Korea, but that the USA should be ready to compromise, too.

Now, known tipster Evan Blass has joined the party, revealing few important details about the smartphone. The Exynos 9820 is also the first Samsung SoC to include a dedicated AI processing core.

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